Schneider Expands in AI With $23 Billion Acquisition

Schneider Electric has reached an agreement to acquire the industrial software company PTC for approximately $23 billion. This transaction represents the largest acquisition in the French company's history and marks a significant shift toward integrating advanced digital software into its industrial operations. By combining its traditional infrastructure business with PTC's software capabilities, Schneider aims to broaden its role in the automation and digital transformation of manufacturing sectors.